• Bloomberg

  • SHARE

Nippon Oil Corp. said Wednesday it agreed to form a refining venture with PetroChina Co., expanding their alliance to capture growing Asian demand.

The companies will consider jointly operating Nippon Oil’s 115,000-barrel-a-day refinery in Osaka as part of the venture, Nippon Oil President Shinji Nishio told reporters. The venture, in which Japan’s largest refiner will hold a 51 percent stake, will probably start up by next April, he said.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW